Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Daily Highlights: 11.2.09

Courtesy of Tyler Durden

  • Asian stocks fell, extending MSCI APAC Index’s first monthly decline since Feb’09.
  • China manufacturing grows at fastest pace in 18 months on stimulus, loans.
  • China’s Chen warns of world slump if economic stimulus withdrawn too early.
  • Euro rises against Yen as signs of global recovery spur demand for yield.
  • AEP sees 2010 ongoing EPS of $2.80-$3.20, forms Transmission company.
  • CF Industries adds cash for Terra Industries offer, hikes bid price by $200M to $4.1B.
  • Chevron Corp. reported a 51% drop in Q3 profit at $3.83B on lower oil, natural gas prices.
  • Chrysler Group confirmed about 23,000 hourly workers will receive buyout offers.
  • CIT Group files bankruptcy, seeks to cut $10B in debt.
  • CIT’s bankruptcy may help bondholders, erase taxpayer, shareholder stakes.
  • Cummins posts better-than-expected Q3 nos; warns of a tough 2010.
  • Ford reports a Sept. profit of $997M compared to a $129M loss last year.
  • Ford UAW workers said to reject concessions that would match GM, Chrysler.
  • Goldman is in talks to buy millions of dollars of tax credits from Fannie Mae.
  • Las Vegas Sands China may raise $2.5B in Hong Kong IPO.
  • Linde AG’s Q3 net falls 4.5% to €169M; sales down 6.9% at €2.28B.
  • NYSE Euronext’s qtrly net falls 28% as it cut prices to counter falling trading volume.
  • Pernod Ricard sees 2010 recurring organic profit at +1% to +3%.
  • RBS said near to deal permitting early exit from UK asset insurance plan.
  • Ryanair Q2 profit advances 35% to $370m after fuel hedging lowers costs.
  • SEC investigates Zale’s accounts after it restates 2008, 2009 earnings.
  • Suzuki Motor’s net plunged 63.4% in 1H on a 31.3% fall in revenues.
  • Sysco’s Sept. net income rises from $277M last year to $326M this year.
  • Terra Industries received an increased purchase offer from CF Industries.
  • TNT NV’s Q3 net falls 12.4%, better than exp., to €99M.

Economic Calendar: Data on Construction Spending, ISM Index, Pending Home Sales to be released.

Earnings Calendar: APC, ASF, AU, CAR, CHK, CLX, CNA, CSE, CTB, DF, DLLR, F, FST, HUM, KGC, KND, L, NU, ROG, UDRL, VMC.

Recent Rating Actions:
CIT GROUP INC (CIT)
ASHLAND INC (ASH)
PROCTER & GAMBLE CO/THE (PG)
EXPEDIA INC (EXPE)
TENNECO INC (TEN)
SPRINT NEXTEL CORP (S)
MOTOROLA INC (MOT)
TRINITY INDUSTRIES INC (TRN)
ILLINOIS TOOL WORKS INC (ITW)
STANLEY WORKS/THE (SWK)
FLOWSERVE CORP (FLS)
BORGWARNER INC (BWA)
ALCOA INC (AA)

Data provided by Egan-Jones Ratings And Analytics


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!